27 May '11, 11am

EBay, PayPal sue Google over "mobile wallet"

EBay, PayPal sue Google over "mobile wallet"

SAN FRANCISCO - Within hours of the unveiling of "Google Wallet" on Thursday, eBay and PayPal filed a lawsuit charging the Internet giant tapped into trade secrets for the mobile payments project. PayPal spent three years trying to work out a deal in which it would handle payments for Android smartphones, only to see Google scuttle the talks and hire PayPal lead negotiator Osama Bedier, according to court documents. "By hiring Bedier, with his trade secret knowledge of PayPal's plans and understanding of Google's weaknesses as viewed by the industry leader, Google bought the most comprehensive and sophisticated critique of its own problems available," the court filing said. "Google put Bedier in charge of its mobile payment business, virtually ensuring that Bedier would misappropriate PayPal's trade secrets concerning planning and competitive assessments in mobile payment....

Full article: http://www.asiaone.com/News/Latest%2BNews/Science%2B%2526...

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